Middle East Economic Survey
Omans PDO Launches Five-Year Plan
Petroleum Development Oman (PDO), Omans main oil producer, has started a five-year plan to stabilize output in the face of declining mature fields. In its recently released Annual Report for 2010 PDO said it would invest heavily, but did not give figures. The companys ambitious oil exploration plans for 2011-15 call for extensive 3D seismic data acquisition, continued search for completely new...